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$225,000

Estimated value $214K to $236K

Est. $1,054/mo mortgage

2bd·1ba·800-899sqft

563 Mornington Avenue #708 · London, N5Y 4T8

MLS® X13793824

45 days on market45 days on market

Listed Sep 16, 2026

Listing courtesy of Century 21 Mypro Realty·Listing last changed 3 days ago

Key facts

Property type
Condo apt
Square footage
800-899 sqft
Storeys
7
Parking
1 space
Property tax
$1,676/yr (2025)

Description

Low-maintenance ownership with all-inclusive condo fees covering heat, hydro, and water. Check out this 2 bedroom Sunrise Condo unit on the 7th floor with east facing view. Tons of natural light during the daytime. Extensive renovations completed in 2024/2025, including wood veneer workspace countertops and stunning quartz central island, upgraded Ikea reflective gloss finishes kitchen cabinetry, newer flooring, stylish ceiling light fixtures, and a stainless steel induction stove. Spacious living area with powerful 14,000 BTU air conditioner for enhanced summer comfort. The private balcony boasts high-end polymer board flooring, offering ultimate durability. Well-maintained unit with contemporary finishes throughout. Conveniently located close to shopping, transit, parks, schools, and major amenities. Ideal turnkey investment or affordable home ownership opportunity.

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Property details

Interior

Size
800-899 sqft
Rooms
3 rooms
Bathrooms
1 × 4-piece on Main
Basement
None
Heating
Baseboard
Cooling
Wall Unit(s)
Ensuite laundry
No

Building & lot

Type
Condo apt, Apartment
Exterior
Concrete
Storeys
7
Exposure
East

Parking

Parking
1 space
Locker
None

Fees & taxes

Condo fee
$652/mo
Fee includes
heat, hydro, water, parking
Pets
Yes, with restrictions
Property tax
$1,676/yr (2025)
Corporation
MSCC 890
Managed by
Larlyn

Estimated value range

$214K to $236K

An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.

Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.

Location & neighbourhood

Directions
Old East Village →

London East, ON

Arts district with walkable streets and character homes.

Schools nearbyclosest is Blessed Sacrament Separate School, 600 m

Elementary

  • Blessed Sacrament Separate School

    600 m · Grades JK-8

    London District Catholic School Board

    4.8
  • Académie de la Tamise

    890 m · Grades JK-6

    Conseil scolaire Viamonde

    7.4
  • East Carling Public School

    940 m · Grades JK-8

    Thames Valley District School Board

    4.2

Secondary

  • Thames Valley Alternative Secondary School

    740 m · Grades 9-12

  • John Paul II Catholic Secondary School

    960 m · Grades 9-12

    London District Catholic School Board

    3.3
  • Robarts Provincial School for the Deaf

    1.2 km · Grades 9-12

    Provincial

Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.

Monthly paymentest. $2,143/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,054
Property tax$140
Insurance (est.)$47
Utilities (est.)$250
Condo fee$652
Total monthly$2,143
Land transfer tax$1,975 on closing

Ontario LTT

$1,975

First-time rebate

−$1,975

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$225,000

Listed Sep 16, 2026

On the market

Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.

Sold comparables nearby

1104 - 583 Mornington Avenue, London EastSold

1104 - 583 Mornington Avenue, London East

2 bd·1 ba·800-899 sqft
1103 - 563 Mornington Avenue, London EastSold

1103 - 563 Mornington Avenue, London East

1 bd·1 ba·600-699 sqft

See what these 6 homes sold for

Create a free account to see sold prices and comparable sales.

Market conditionsBuyer’s market in London

6.3 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 93.6% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$188,733

Sale-to-list ratio

93.6%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $58,000 household income

Minimum household income required

$58,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Call Colin at (226) 212-5099 or text

Rental market$1,725/mo median for 2 bed nearby

$1,725/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 75 leases.

What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.

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CA

Colin Abbot, Broker

Oak and Key Real Estate Brokerage Inc.

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(226) 212-5099 · Email Colin

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Colin Abbot, Broker

Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099

Not intended to solicit clients already under contract.

Information herein is deemed reliable but not guaranteed. Listing data is provided by the London and St. Thomas Association of REALTORS® through the MLS® System and is updated multiple times daily. All measurements, square footage, taxes, and property details should be independently verified by buyers and their representatives.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark REALTOR® is controlled by CREA and identifies real estate professionals who are members of CREA.

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